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BSP Rediscount Rates for April 2016 and Availments as of March 2016

04.11.2016

The BSP announced today the applicable Peso Rediscount Facility and Exporters Dollar and Yen Rediscount Facility (EDYRF) rates for the month of April 2016 and loan availments as of end-March 2016.

The Peso Rediscount Facility rates for Rediscounting Windows (RWs) I and II for April are as follows: 

 

Loan Maturity

Rate (%)

RW I

RW II

30 days

6.1250

4.0000

90 days

6.1875

4.0000

180 days

6.2500

4.0625

360 days

n/a

4.1250

The Peso rediscount rates for RW I and RW II are effective starting 15 September 2014 up to the next policy rates revision and are based on the applicable BSP one-month repurchase rate and overnight reverse repurchase rate, respectively, plus term premia for longer maturities per Circular No. 806 dated 15 August 2013.

 The following are the rates for the month of April for loans under the EDYRF:

Loan
Maturity

Rate (%)

Dollar

Yen

1-90 days

2.62860

1.99571

91-180 days

2.69110

2.05821

181-360 days

2.75360

2.12071

The EDYRF rates are based on the respective 90-day London Inter-Bank Offered Rate (LIBOR) as of 31 March 2016 plus 200 basis points plus term premia for longer maturities pursuant to Circular No. 807 dated 15 August 2013.

Under the Peso Rediscount Facility, total availments covering the period 01 January to 31 March 2016 amounted to P8,995 million, the bulk of which or 86.4 percent went to other credits consisting of capital expenditures and permanent working capital. The remaining portions went to commercial credits (13.5 percent) and production credits (0.1 percent). 

Under the EDYRF, total dollar availments for the period 01 January to 31 March 2016 amounted to US$ 7.8 million.  There was no yen-denominated availment under the EDYRF for the same period.

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